|
COMBINED BALANCE SHEETS
<br />June 2010
<br />ASSETS ELECTRIC WATER
<br />CURRENT ASSETS
<br />CASH & TEMPORARY INVESTMENTS 3,231,782 808,921
<br />ACCOUNTS RECEIVABLE 2,721,117 427,066
<br />INVENTORIES 1,105,476 47,994
<br />PREPAID ITEMS 129,123 22,380
<br />CONSTRUCTION IN PROGRESS 360,261 4,590
<br />TOTAL CURRENT ASSETS 7,547,758 1,310,952
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND 724,500 -
<br />EMERGENCY RESERVE FUND 1,844,948 1,095,614
<br />UNRESTRICTED RESERVE FUND 125,558 135,493
<br />TOTAL RESTRICTED ASSETS 2,695,007 1,231,107
<br />FIXED ASSETS
<br />PRODUCTION 2,342,564 10,320,740
<br />LFG PROJECT 4,153,941
<br />TRANSMISSION 474,335
<br />DISTRIBUTION 33,303,754 20,653,715
<br />GENERAL 10,492,536 873,013
<br />FIXED ASSETS (COST) 50,767,130 31,847,467
<br />LESS ACCUMULATED DEPRECIATION (22,933,400) (9,490,855)
<br />TOTAL FIXED ASSETS, NET 27,833,730 22,356,613
<br />OTHER ASSETS 112,111 103,960
<br />TOTAL ASSETS 38,188,606 25,002,631
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE 2,549,739 102,567
<br />SALARIES AND BENEFITS PAYABLE 163,161 76,222
<br />DUE TO CITY (168) -
<br />DUE TO OTHER FUNDS - -
<br />BONDS PAYABLE-CURRENT PORTION 200,000 -
<br />TOTAL CURRENT LIABILITIES 2,912,732 178,789
<br />LONG TERM LIABILITIES
<br />LFG PROJECT 2,345,318
<br />DUE TO COUNTY -
<br />BONDS PAYABLE, LESS CURRENT PORTION 7,012,500 4,167,500
<br />TOTAL LONG TERM LIABILITIES 9,357,818 4,167,500
<br />TOTAL LIABILITIES 12,270,550 4,346,289
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST 724,500
<br />CONTRIBUTED CAPITAL
<br />RETAINED EARNINGS 25,193,556 20,656,342
<br />TOTAL FUND EQUITY 25,918,056 20,656,342
<br />TOTAL LIABILITIES 8 FUND EQUITY 38,188,606 25,002,631
<br />
|